DB Pensions – End-November 2013 PPF 7800 deficit

Data: PPF

20 December 2013 The Pension Protection Fund produces a monthly index update (this month’s release has data taken as at end-November 2013) of the estimated funding position of the defined benefit schemes which would be potentially eligible for entry into the Fund.

November again marked an improvement in eligible scheme funding – with average universe funding ratio increasing from 93.8% to 95.0% reflecting a fall in overall deficit from £75.6bn to £59.7bn. This small change had less to do with universe assets – which fell slightly – than with an improvements in the current value of liabilities – which fell by more.